Paul Kobia freed on Ksh.100K cash bail in Ksh.170M gold scam case


Paul Kobia freed on Ksh.100K cash bail in Ksh.170M gold scam case
Controversial businessman Paul Kobia speaks after his arrest on June 26, 2019. PHOTO | COURTESY

In Summary

  • The court, while freeing Mr. Kobia, said there were no compelling reasons to detain him or his fellow co-accused.
  • They were however directed to report to the Directorate of Criminal Investigations (DCI) headquarters every Monday.
  • Kobia’s 13 co-accused were also directed to sign a personal bond of Ksh.100,000 each.

A Nairobi court on Thursday freed controversial businessman Paul Kobia on a cash bail of Ksh.100,000 pending completion of investigations into an alleged Ksh.170m gold scam.

The court, while releasing Mr. Kobia, said there were no compelling reasons to detain him or his fellow co-accused.

They were however directed to report to the Directorate of Criminal Investigations (DCI) headquarters every Monday.

Kobia’s 13 co-accused were also directed to sign a personal bond of Ksh.100,000 each.

Detectives from the DCI’s Serious Crimes Unit on Wednesday raided Kobia’s home on Riverside Drive following complaints from a Dubai national who was reportedly conned about Ksh.170 million in a suspected gold deal.

13 other suspects were arrested besides Kobia, namely; Simeon Wanaina, Paul Gichuhi, Benjamin Mutisya, Patrick Mweu, Samson Kibet, Faith Kioko, Joyce Wenani, Miriam Nyambura, Consolata Thirindi, James Masai, Doreen Kathambi, Tanya Yvonne Goes and Gabriel Ndururi Murage.

According to the DCI, the following items were also confiscated during the raid: 7 suspected Gold nuggets, 6 Motor Vehicles as well as a wooden Central Bank of Kenya stamp.

Thermo scientific Arton Analyser, Platinum Thermo Couple Machine, Money Counting Machine, ETR Machine and Suspected counterfeit goods were also recovered.

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Story By Dzuya Walter
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